Sources tell me that budget negotiators on Capitol Hill have tentatively agreed on a deal that would involve at least $33 billion in spending cuts from this year’s budget. That’s $23 billion dollars more than Democrats have previously agreed to in short-term continuingresolutions, and $28 billion less than Republicans previously passed in the House.
Members of the House Appropriations Committee will begin discussing how to hit that number with their Senate counterparts as soon as tonight, and Vice President Biden is heading to Capitol Hill for a 6pm meeting with the Senate Democratic leadership.
The deal could still fall apart over the composition of the cuts, or policy “riders” previously passed by the House. These include issues like de-funding Planned Parenthood and President Obama’s health care legislation. It’s also not clear that this compromise will fly with rank-and-file House Republicans, which means that the $33 billion goalcould still climb by a few billion. But this is most significant progress since the beginning of negotiations.